Anglo Irish News
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BNP Paribas SA sued Anchorage Capital Group LLC in London for agreeing to buy about $60 million worth of Irish bank debt, then failing to pay.
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Brendan McDonagh traveled to Madrid last month brandishing a map with about 120 hotels. Unlike other visitors to the Spanish capital, they were all in Ireland.
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Ireland’s stock index is the best performer in western Europe this year. That’s not enough to stop some of its biggest companies from defecting.
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The Irish central bank’s provisions for potential losses on investments and securities increased to 400 million euro ($523 million) last year, amid rising risks posed by the euro area’s sovereign debt crisis.
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Ireland is making use of a secret arrangement between euro-area central banks to ensure its controversial debt swap doesn’t fall foul of a ban on monetary state financing, three people familiar with the matter said.
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Ireland’s government faces a legal challenge tomorrow to the burdening of taxpayers with the cost of bailing out former Anglo Irish Bank Corp. and Irish Nationwide Building Society.
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Irish Prime Minister Enda Kenny suffered his biggest setback since taking power two years ago, as unions rejected his plans to cut pay for state employees.
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Anglo Irish Bank Corp. and Irish Nationwide Building Society will start talks with government officials this week to decide which parts of the state- controlled lenders may be merged following the country’s bailout, two people with knowledge of the discussions said.
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As a young accountant, Michael Fingleton took his do-it-yourself attitude from Dublin to Lagos, Nigeria, to sort out the finances of the Catholic archdiocese.
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As Irish ministers promote the nation’s economic revival on St. Patrick’s Day after selling bonds this week, there’s one topic to avoid: debt.
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